Can I retire at age 51 with 545,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$45,006$44,605$44,214$43,832$43,459$42,512
2 years$22,280$21,865$21,463$21,073$20,695$19,746
3 years$14,706$14,289$13,888$13,502$13,130$12,208
4 years$10,919$10,504$10,107$9,727$9,364$8,477
5 years$8,648$8,235$7,843$7,471$7,118$6,268
6 years$7,135$6,725$6,339$5,975$5,633$4,820
7 years$6,054$5,647$5,267$4,912$4,581$3,806
8 years$5,244$4,841$4,467$4,121$3,800$3,063
9 years$4,614$4,215$3,848$3,510$3,200$2,500
10 years$4,110$3,715$3,354$3,026$2,727$2,063
11 years$3,698$3,307$2,953$2,633$2,345$1,717
12 years$3,356$2,969$2,621$2,310$2,032$1,439
13 years$3,066$2,683$2,342$2,039$1,772$1,212
14 years$2,817$2,438$2,104$1,810$1,553$1,026
15 years$2,602$2,228$1,900$1,614$1,368$872
16 years$2,415$2,044$1,722$1,445$1,209$743
17 years$2,249$1,882$1,567$1,299$1,072$635
18 years$2,102$1,739$1,431$1,170$953$543
19 years$1,970$1,612$1,310$1,058$849$466
20 years$1,852$1,498$1,202$958$759$400
21 years$1,746$1,395$1,106$869$679$345
22 years$1,649$1,302$1,019$790$609$297
23 years$1,560$1,218$941$720$546$256
24 years$1,479$1,141$870$657$491$221
25 years$1,405$1,071$806$600$442$191
26 years$1,337$1,007$747$548$398$165
27 years$1,273$947$694$502$359$142
28 years$1,215$893$645$460$324$123
29 years$1,160$842$600$422$292$106
30 years$1,109$795$559$387$264$92
31 years$1,062$752$521$355$239$80
32 years$1,018$711$486$327$216$69
33 years$976$674$454$300$196$60
34 years$937$639$424$276$177$52
35 years$900$606$397$254$160$45
36 years$866$575$371$234$145$39
37 years$833$546$347$216$132$34
38 years$802$519$325$199$119$29
39 years$773$493$305$183$108$25
40 years$745$469$286$169$98$22
41 years$719$447$268$156$89$19
42 years$694$426$251$144$81$16
43 years$670$405$236$133$73$14
44 years$648$386$221$123$67$12
45 years$626$369$208$113$60$11
46 years$605$352$195$105$55$9
47 years$586$336$183$97$50$8
48 years$567$320$172$89$45$7
49 years$549$306$162$83$41$6
50 years$532$292$152$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $545,000, adding $5,807 every year, while hoping to spend $28,863 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/22/21 Blend
50$545,000$545,000$545,000$545,000
51$606,580$577,695$569,247$637,429
52$637,741$575,292$557,607$656,709
53$671,113$571,804$544,610$674,119
54$706,892$567,147$530,179$692,462
55$745,290$561,233$514,235$711,835
56$786,544$553,967$496,696$732,345
57$830,910$545,250$477,474$754,113
58$878,671$534,976$456,479$777,272
59$930,140$523,034$433,614$801,972
60$985,656$509,305$408,782$828,377
61$1,045,595$493,663$381,879$856,672
62$1,110,369$475,976$352,795$887,063
63$1,180,431$456,103$321,418$919,775
64$1,256,278$433,895$287,629$955,063
65$1,338,459$409,196$251,305$993,207
66$1,427,574$381,839$212,316$1,034,518
67$1,524,285$351,648$170,527$1,079,343
68$1,629,321$318,437$125,798$1,128,065
69$1,743,481$282,010$77,982$1,181,110
70$1,867,647$242,159$26,925$1,238,950
71$2,002,787$198,665$0$1,302,108
72$2,149,968$151,296$0$1,377,341
73$2,310,362$99,807$0$1,465,954
74$2,485,261$43,940$0$1,562,661
75$2,676,086$0$0$1,668,289
76$2,884,401$0$0$1,787,768
77$3,111,927$0$0$1,929,929
78$3,360,561$0$0$2,085,325
79$3,632,389$0$0$2,255,265
80$3,929,708$0$0$2,441,192
81$4,255,048$0$0$2,644,695
82$4,611,196$0$0$2,867,521
83$5,001,217$0$0$3,111,597
84$5,428,491$0$0$3,379,043
85$5,896,737$0$0$3,672,197
86$6,410,051$0$0$3,993,629
87$6,972,948$0$0$4,346,174
88$7,590,395$0$0$4,732,953
89$8,267,867$0$0$5,157,401
90$9,011,394$0$0$5,623,307
91$9,827,617$0$0$6,134,841
92$10,723,853$0$0$6,696,596
93$11,708,159$0$0$7,313,635
94$12,789,415$0$0$7,991,532
95$13,977,401$0$0$8,736,430
96$15,282,889$0$0$9,555,094
97$16,717,752$0$0$10,454,981
98$18,295,064$0$0$11,444,301
99$20,029,234$0$0$12,532,104
100$21,936,133$0$0$13,728,359